2007-09-12 06:40:14 · 9 answers · asked by Islander 1 in Business & Finance ➔ Credit
I didn't sign any contract? I sent them a letter letting them know my financial ability and what I can possibly pay 20-50 min...
2007-09-12 13:38:14 · update #1
you might want to negotiate the whole balance...not payments. if you miss 1 payment you will restart the collection.
most of those collection companies are bad...and they lie and steal. Be Careful!
2007-09-12 18:12:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
What contract did you sign with the Collection Agency that
you agreed to pay them ?
www.creditinfocenter.com
2007-09-12 07:52:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
How do you think of a set organization continues to be in enterprise? no one forces you to grow to be in touch with a set organization, yet once you do grow to be so in touch, you need to assume extra expenditures. If each and every person with a credit facility had the commonsense and courtesy to tell a lender/provider immediately there grow to be a difficulty, so issues must be worked out, there could be truthfully no choose for sequence companies because of the fact, having worked out concerns with the debtor, the provider does no longer ought to refer the debt on
2016-11-15 01:22:00 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Depends upon the nature of the debt. If it is a credit card debt, or car or house loan, then yes, because it is in the contract you agreed to when you took out the card.
If it is a debt where no contract was signed, then they can not.
2007-09-12 06:50:54 · answer #4 · answered by patrick 6 · 0⤊ 1⤋
Yes very much so. I worked in collections for years, and they can.
2007-09-12 06:43:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Sure.
BUT if they get a judgment in court, the court will usually ignore the late fees in calculating the actual amount due.
2007-09-12 06:44:49 · answer #6 · answered by Anonymous · 0⤊ 0⤋
They can charge interest / fees IF it is in your original contract with the original creditor AND if your state allows it. (some states do not allow it)
If your state does not allow it, then they cannot - even if it is in your original contract.
2007-09-12 10:12:26 · answer #7 · answered by echo 7 · 0⤊ 0⤋
Yes.
2007-09-12 06:47:38 · answer #8 · answered by sun_shinevt 6 · 0⤊ 0⤋
Yep. They may put a different name to it, but it's all fees.
2007-09-12 06:43:37 · answer #9 · answered by Mommymonster 7 · 0⤊ 0⤋